The Daily Start-Up: Third Time’s A Charm For Oceana Thera Investors

Oceana Therapeutics, which raised $102 million from investors, is being acquired for $300 million cash by publicly traded Salix Pharmaceuticals. Oceana raised its funding from private equity firm Kelso & Co and venture investor Frazier Healthcare Ventures, which got together to back executives who previously led two other successful venture-backed specialty-drug companies, Esprit Pharma and ESP Pharma.

Scribble Technologies has raised a $4 million Series A roundto offer tools for a new era of real-time journalism. Summerhill Venture Partners led the round, with participation from previous investor Rogers Ventures. The company has built a software-as-a-service product that generates pages to match the look and feel of a news outlet’s website.

Also in today’s VentureWire: Waste Management will buy shares in Fulcrum BioEnergy before Fulcrum’s initial public offering and support the company’s first production facility with a $70 million loan…Sequoia Capital India-backed iYogi, a provider of remote support services, has added support for Apple products to its toolbox to keep pace with a growing demand from its customers…and Flow Search emerged from stealth with $3 million to continue building what its founder calls “the plumbing” to allow real-time data gathered from web and mobile users to be freely shared.

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Elsewhere around the Web:

China’s answer to Groupon isn’t having an easier time going public, either. Lashou.com is delaying its IPO due to “corporate developments,” an underwriter tells Reuters. The daily deals company was expected to hold its IPO next week. The Chinese press reports that the roadshow suspension occurred because of a report issued to the Securities and Exchange Commission by one of Lashou’s rivals.

Facebook’s privacy controls are about to change again, this time in favor of its users. WSJ reports the social networking site is about to come to terms with the U.S. government in a privacy settlement that would require Facebook to allow its users to opt in to any future changes to the privacy settings.

Get ready for HTML5. A year and a half after Steve Jobs endorsed it in an unusual essay, a set of programming techniques called HTML5 is rapidly winning over the Web, WSJ reports. But this fifth generation of HTML isn’t exactly finished.